BTC IPO faces another deferral


The long awaited Botswana Telecommunications Corporation Limited (BTCL) Initial Public Offer (IPO) issue date might be postponed again.

Initially slated for August 2011, the IPO launch has undergone a series of postponements. It was first delayed to 2012, then later pushed to August 2014 before it was again deferred to November 7 and now December 31st 2014.

Speaking during a media workshop last week, the transaction’s legal advisor, Rizwan Desai said there were still some technical regulatory issues to be addressed, which the Botswana Stock Exchange (BSE) had not yet approved. Although government officials say the latest  postponement was done at the request of members of the public, Desai said that the requisite approvals were not all in place but the financial audits had been submitted to the BSE.

Editor's Comment
Keep your mask close

Wearing of masks behind closed doors has been mandatory following the government’s August decision that the public was freed from masking in outdoor spaces.According to a press statement from the ministry, all other remaining COVID-19 protocols such as social distancing in schools and requirements for vaccination or PCR tests at ports of entry have also been relaxed.Statistics still show that hundreds still die daily due to the pandemic around...

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